A profitable strategy in the pelota betting market

dc.creator	Llorente Erviti, Loreto	es_ES
dc.date.accessioned	2016-05-10T07:40:41Z
dc.date.available	2016-05-10T07:40:41Z
dc.date.issued	2006
dc.identifier.uri	https://hdl.handle.net/2454/20652
dc.description.abstract	In pelota matches, games with two mutually exclusive and exhaustive outcomes, bets on the winner are made between viewers through a middleman who receives 16% of the finally paid amount. In this paper after the description of the way bets are made in the market we analyze what we call the general odds rule. Analyzing the way odds are fixed in the market we find that assuming equal return on bets there are biases in the market. Moreover, we find profitable betting strategies even taking commissions into account.	en
dc.format.extent	18 p.
dc.format.mimetype	application/pdf	en
dc.language.iso	eng	en
dc.relation.ispartofseries	Documentos de Trabajo DE - ES Lan Gaiak	es
dc.relation.ispartofseries	0606	en
dc.rights	CC Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)	en
dc.rights.uri	https://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subject	Betting	en
dc.subject	Pelota betting system	en
dc.subject	Sport betting	en
dc.subject	Market efficiency	en
dc.title	A profitable strategy in the pelota betting market	en
dc.type	Documento de trabajo / Lan gaiak	es
dc.type	info:eu-repo/semantics/workingPaper	en
dc.contributor.department	Economía	es_ES
dc.contributor.department	Ekonomia	eu
dc.rights.accessRights	Acceso abierto / Sarbide irekia	es
dc.rights.accessRights	info:eu-repo/semantics/openAccess	en

Except where otherwise noted, this item's license is described as CC Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)